Beyond their altruistic and sales goals, medical device startups generally keep an eye out for the exit. Getting there requires planning, patience and persistence, according to a couple of medtech executives who’ve been through it. Martha Shadan headed Plymouth, Minn.–based Rotation Medical, a private company sold to Smith & Nephew in December 2017, just three […]
startups
7 ways you can doom your medical device startup
Randy Nelson has worked with medical device startups for more than a dozen years through his Evergreen Medical Technologies (St. Paul, Minn.), as well as the University of Minnesota’s Carlson School of Management. A product development veteran of St. Jude Medical and Boston Scientific, Nelson has pretty much seen it all when it comes to […]
Will medtech drive the next Southeastern U.S. industrial revolution?
Paul Snyder, Write2Market Once home to a thriving textile industry replete with chemical and mechanical engineers working to improve the soil and machinery converting raw cotton into commercial goods, upstate South Carolina may be on the precipice of its next industrial revolution: medtech. Born from technology developed at the Albert Einstein College of Medicine, Greenville-based […]
How to protect your medtech startup’s innovations
Building a strategic patent portfolio is crucial to success for a medtech startup. David J. Dykeman, Greenberg Traurig When it comes to starting and building a medical device company, a strong patent strategy tied to business goals can be the driving force behind venture capital investment, strategic collaborations, and mergers and acquisitions. In order to […]
20 medical device startups you need to know
There’s a lot of excitement these days around digital health. But there are actually many medical device startups out there in other spaces that continue to push the overall boundaries of medtech. From neuromodulation to drug delivery, surgical robotics and more, here’s a roundup of 20 medical device startups catching the eye of Medical Design […]
Medical device startups: Here’s how you handle verification and validation
The two “Vs” — also known as V&V, verification and validation — serve to link the medical device product that has been developed all the way back to the initial customer needs and product requirements. Bill Betten, Betten Systems Solutions While many think that verification and validation only occur at the end of the medical device development […]
RxFunction raises $7.5 million for its wearable sensory prosthesis
Medical wearable startup RxFunction (Eden Prairie, Minn.) announced today that it has raised $7.5 million in Series A funding as it prepares for market launch of its Walkasins wearable sensory prosthesis. The round, which surpassed RxFunction’s initial $5 million funding goal, was led by Edina, Minn.–based Cedar Point Capital, a boutique investment banking firm. The […]
Medical device startups: Here’s how you handle regulatory and reimbursement
The two “Rs” — regulatory and reimbursement — are critical elements of the environment in which a medical device product is developed. Bill Betten, Betten Systems Solutions This is the fourth in a series of articles that discusses the design of innovative products in the highly regulated medical environment. But the “environmental” factors of regulatory and reimbursement actually […]
What is the hottest medtech startup of 2018?
When our sister site Medical Design & Outsourcing ran a roundup last year of the hottest medtech startups of 2017, it was one of our most popular stories. So we’re planning to come back this year with a new roundup of the hottest medical device startups. We’d like to hear from you, our readers, about […]
These 5 surgical startups want to build the OR of the future
As with most medtech advances these days, a running theme among top surgical startups is value. Innovators presented their surgical platform products in various stages of development at this year’s AdvaMed MedTech Conference as part of the Medtech Innovator Program, offering a view of the future of ORs across the world. As mentioned, there are some running […]
Want to sell your medtech startup? Be one of these three things
Peter Stebbins meets with a lot of medtech startups as medical device transactions lead at Johnson & Johnson Innovation in Boston. Often, they could benefit from a better grasp of what a buyer is looking for. “It’s not infrequent that someone with an idea perceives it should make sense to J&J, but they don’t understand where our […]